Ajim Capital launches $10m fund for African companies in the tech space

Ajim Capital has launched a $10 million fund to invest in African tech start-ups.

The fund will provide cheques of $25,000 to $150,000 to pre-seed to seed tech-enabled companies across the continent. Ajim Capital is looking for start-ups that fit its established criteria – potential for rapid growth and fast adoption. The firm is interested in companies that can provide excellent returns to investors and that fill significant economic and infrastructure gaps for consumers and enterprises across sub-Saharan Africa.

“We invest primarily in founders with former entrepreneurial or directly relevant industry experience, initial indications of product-market fit (e.g. revenue or users), highly scalable software solutions, and a potential 10x CoC return for investors,” says Eunice Ajim, founding partner of Ajim Capital.

Ajim was born in Cameroon and moved to the US in 2011. She is a 2x tech founder and an executive with experience ranging from start-up funding and management to leading a $10m+ tech start-up. Some of her angel investments include Mono, Payhippo, TalentQL, Lemonade Finance, Bamboo, Payday, and Mecho Autotech.

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